Revision of entry position: Short XLM/USD
Updated
Reason for entry:
1) The global trend on the daily chart is a downward approach to the level of support.
2) The breakdown of the level of 0.0650 forced me to reconsider the position for sale. This is visible on the 4H chart.
3) Strong resistance below the level of 0.06500 on a 1H chart.
Entrance for sale is 0.06420.
Stop level 0.06551.
Take Profit 0.05860
Number of Contracts:
2% of the deposit = stop loss size.
1) The global trend on the daily chart is a downward approach to the level of support.
2) The breakdown of the level of 0.0650 forced me to reconsider the position for sale. This is visible on the 4H chart.
3) Strong resistance below the level of 0.06500 on a 1H chart.
Entrance for sale is 0.06420.
Stop level 0.06551.
Take Profit 0.05860
Number of Contracts:
2% of the deposit = stop loss size.
Trade closed: target reached
Take Profit 0.05860
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